Sunrun Inc (RUN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -3,174,592 | -711,056 | -1,368,328 | -1,451,928 | -1,699,883 | -1,286,738 | -6,718 | -271,948 | -92,644 | -194,184 | -380,615 | -212,103 | -79,423 | -210,224 | -196,906 | -169,224 | -173,394 | 8,426 | -31 | 12,238 |
| Total assets | US$ in thousands | 19,897,900 | 22,104,300 | 21,443,400 | 20,834,300 | 20,450,200 | 20,027,100 | 20,490,600 | 19,728,300 | 19,268,800 | 18,568,100 | 17,800,600 | 17,255,100 | 16,483,300 | 16,089,700 | 15,428,800 | 14,886,000 | 14,382,900 | 6,306,830 | 6,005,040 | 5,938,510 |
| ROA | -15.95% | -3.22% | -6.38% | -6.97% | -8.31% | -6.42% | -0.03% | -1.38% | -0.48% | -1.05% | -2.14% | -1.23% | -0.48% | -1.31% | -1.28% | -1.14% | -1.21% | 0.13% | -0.00% | 0.21% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-3,174,592K ÷ $19,897,900K
= -15.95%
The return on assets (ROA) measures a company's ability to generate profit from its assets. Looking at the data provided for Sunrun Inc, we can observe fluctuations in ROA over the periods. The ROA started positively at 0.21% in March 31, 2020, and remained relatively stable around zero until December 31, 2020. However, from March 31, 2021, the ROA turned negative and continued to decline steeply over the subsequent quarters, reaching a low of -15.95% by December 31, 2024.
The negative ROA figures suggest that Sunrun Inc is not effectively utilizing its assets to generate profits during these periods. This could indicate operational inefficiencies, declining profitability, or possibly excessive asset base relative to the generated income. It is crucial for the company to assess and address the factors leading to the declining ROA to improve financial performance and efficiency in asset utilization going forward.
Peer comparison
Dec 31, 2024